Highest and Best due by 5 PM 05/10/26. Affordable Destin homes do exist. but when they're ACROSS THE STREET FROM KELL-AIRE NATURE PARK... they do not stay on the market long! Welcome to 311 Juniper Street! This all brick colonial features 3 BR/2 Baths... italian-inspired accents throughout.. with views of the park's playground and walking path steps away from your front door. Did I mention NEWER ROOF, NEWER HVAC, NEW WATER HEATER and NEW PIPING? Step inside to elevated ceilings, neutral paint, tile flooring with mosaic tile inlay and large picture windows that flood the space with light. The GRAND LIVING ROOM IS QUITE SPACIOUS and can accommodate multiple layouts! The FORMAL DINING space is accented by a decorative column and faux renaissance-inspired chandlier. Views of the private backyard also a plus! (Continued) The KITCHEN OFFERS UNTAPPED EQUITY and includes gorgeous granite, cream-colored cabinetry, stainless steel appliances and walk-in pantry. Check out the "italian-inspired" art on the breakfast bar. The laundry room offers 3 BIG BONUS ITEMS... WASHER, DRYER and UTILITY SINK! The master suite is spacious and boasts more tile flooring, neutral paint, walk-in closet and untapped equity in the master bath! The master bath offers expansive vanity, jacuzzi tub, and walk-in shower big enough for 2! Bedrooms 2 and 3 share a JACK AND JILL BATH with standard tub/shower combination and KID-FRIENDLY *LOW-HEIGHT* VANITY WITH 2 SINKS! The backyard is private, with mature greenery that gardening enthusiasts will love. There's also a backyard shed for all of your gardening supplies. Privacy-fencing is another bonus! Of course, the biggest bonus is LOCATION! As previously mentioned, this home is directly across the street from Destin's beloved park. It's also a short drive to the beach and is PRICED TO MOVE! Opportunity knocks! Better hurry!
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
